Surprisingly, a father and son have turned themselves into the police in Hong Kong in connection with the kidnapping of a Bitcoin trader. There was a significant disagreement over $1.9 million in funds simultaneously with this scary event. This event sheds light on the city’s worrying rise in violent crime.
A Father-Son businessman and his son are now under police arrest, according to people with knowledge of the case. Because they are linked to the kidnapping of a crypto investor, they are accused of assault and fake imprisonment. They are being questioned right now at the Tai Po Police Station. The two people are 70 and 30 years old. The police have found that they owned the car that was used in the kidnapping, so they may not have been directly involved in it.
Father-Son Duo Surrenders Shockingly
Several sources say the businessman spent about HK$15 million, which is around $1.9 million, on cryptocurrency with the help of a woman he met through word of mouth. But things got more difficult when the businessman had trouble returning the funds and contacting the woman. These things made things worse and led to violent behavior.
During the theft, the woman’s husband tried to help but was hit with a stun gun by an attacker, hurting him. People who have worked on the case say that a group of four people may have been paid to do the kidnapping.
This is the second theft in Hong Kong in 32 hours, which makes people even more worried about the number of crimes happening there. Early this year, the Father-Son Securities and Futures Commission (SFC) said that over the last three years, there had been an enormous increase in crimes involving cryptocurrency. The cases were worth billions of dollars.
